Energies
Gold continues to trade higher for the fourth day in a row. The price of an ounce of gold is trading at $3,231 before the london open on Monday. The main resistance level that gold is facing is $3,245. As the short term moving averages continue to tick higher, more prices increases are expected.
USD falls as demand on the US dollar decreases. The next support line on the pair is the previous recorded low at $142.00 which is also a psychological level. RSI is still not in the oversold zone, indicating more room for lower movements
EURUSD moves up towards the 1.1500 level as ECB is scheduled to announce interest rate policy this week. Trading on the pair might see some volatility prior to the decision announcement next Thursday.
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